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Search Results 0 to 28 of about 29 (some duplicates have been removed)
that washington could be on the verge of its first-ever default. the big question now, how might wall street react this morning? >> it's unthinkable that this country will not meet its obligations on time. it's just unthinkable that we'd ever do that. >> reporter: a market slide could affect what you pay for mortgages, car loans, financing college. right now, washington is stuck on the timing. democrats and republicans want to tighten this up now. >> i don't think they have they choice. >> reporter: republicans want a short-term deal. cut $1 trillion now. and then, more cuts through the elections. >> and not some short-term gimmick. >> i know the president's worried about this next election. my god. shouldn't we be worried about the country? >> reporter: speaker boehner told conservatives to be ready to make compromises. >> if you break it, you own it. >> reporter: has the world been looking at all of this? one english official says right-wing nutters, as he calls them, in congress, are causing more of a problem for the economic economy than the crisis in europe. >>> the man accused in the massacr
finally came out publicly with a bipartisan, big, tough plan, a framework for how to deal with our very real challenge with our record deficits and debt. it's my hope that the senate will consider cut, cap and be balance, defeat it and then put a responsible plan on the floor, one that shares the sacrifice across all the areas of our budget and that puts forward the kind of framework that everyone can support. bill: okay. on the cut, cap and balance, so you agree with harry reid that this is a waste of time on a balanced budget. why would a balanced budget amendment when polls show 72% of those surveyed favor it, why would you be opposed to that, senator? >> i don't speak for leader reid, obviously, but what i think the leader was suggesting was that with ten days left until we default on america's mortgage, we should be focusing on things that have a very real chance of passage in both houses and that can avoid the catastrophic consequences of defaulting on america's debt. i think leader reid and many of us in the senate are concerned that if we simply keep ping-ponging back and forth
for a lot more spending cuts later on. they are running out of room to cut. you will remember the big spending bill earlier this year cut tens of billions of dollars. so if you take a step back and you look at the entire forest there's a lot of spending cuts going on. lot of real spending cuts democrats are arguing that they are going to hurt a lot of people. so those certainly are accounting tricks. in terms of that last little margin to get to the point where they are cutting more than they are raising the debt ceiling which is what republican leaders wanted to do, they needed to rely on some creative use of cbo accounting methods. >> right. this is also interesting, though. even if he does get john boehner, that is, the house, even if he does get the conservatives to fall in lynn and go ahead and vote for this, there seems to be question about whether it will get out of the senate. have you 53 senators, two independents, included who said they are not going to support boehner's proposal. now we are looking at another proposal perhaps harry reid's proposal which the cbo also downgra
& friends" starts right now. >>dave: good saturday, everyone, a big news saturday. we thought the heat would be the big story. but anything but. a very serious matter. good to have you here for alisyn. >> all hell breaking loose in many parts of the world including in norway. >> we have new information of the shooting in the shotting massacre and bombing that happened hours apart in norway. >> this as the death toll from the attacks has gone up to 91. and greg is leave in london. greg? >>greg: we have been tracking this story through the night and hour by hour it is worse and worse and the words, the gunman as he shot the victims "you all must die," describing the scene, the prime minister, he turned paradise into hell. and now the events of the shocking attack right now. police now say that 84 people were killed on the island 20 miles from the capital of norway, one of the worst mass shooting sprees in history. the gunman was dressed as a policeman calling teens to come closer and then tee towns the guns on him, machine guns, rifles and pistols and the kids ran, hid, played dead, and tried
: the "the washington post" had a big front pager. apparently everybody from dianne feinstein, barbara were reportedly really upset and demanding answers from the top guy there jack lou on what this deal is w. boehner saying wait a second. >> you may be about to sell us out here. the democrats actually could, some are thinking, be the ones to scuttle any deal in the senate because of cuts, actually. >> bill: well, and this is the president's major mistake. he is not articulated to anybody what his vision is for getting out of this debt jam. let's be really simple because i'm a simple guy as you know, laura. first thing is under president obama we are now running up a debt at $4 billion a day. all right? nobody has ever come close in the history of this country to spending this much money $4 billion every single day is added to the debt. that's on the president's plate. he can make excuses for it he can do a little dance, but that is the fact, jack. so now the president has to say here's how i'm going it get the debt down, exactly he won't say it not only are republicans fearous about the de
been not a big deal but a small deal, something that would raise the debt limit. whether it's short term or long term. he wants a longer term. the advantage he's gained in public opinion, we saw that from our poll earlier in the week. it's why, by the way, speaker boehner was right when he said in his press conference, this wasn't about personalities, it was about different visions of country. house republicans are not playing politics. it's crazy politics what they're doing and republican leaders think it may hurt the party but it's what they believe and that's why we're at this point. >> john, it's interesting, speaker boehner called his press conference a few minutes after president obama but notably after the markets had already closed. was this intentional? >> reporter: absolutely it was intentional. the speaker was trying to do what he could to minimize the fallout from the collapse of these talks. and that's why there's urgency in meetings today and also on sunday to try to come to some resolution before markets open on monday in the hope that they can avoid a negative reacti
money than you're taking in, you need to spend less of it. there's no symptom of big government more menacing than our debt. break its grip, and we begin to liberate our economy and our future. bill: we've been talking about this issue for months, and we are down to that critical time. good morning, everybody, i'm bill hemmer. and a big welcome to jamie colby. jamie: you think we'll make it before august 2nd? how you feeling? bill: we'll see. jamie: we'll know more after the next two hours. absolutely. great to have you all here. harry reid and speaker boehner both have their own plans, presenting their own debt deals last night. boehner's plan cuts $3 trillion over the next ten years raising the debt limit by more than $2.5 trillion, and guess what? no tax hikes. bill: reid's plan includes more than $2.5 trillion in cuts over ten years raising the debt limit by $2.4 trillion and, also, no tax hikes. or as they like to call them in washington these days, revenue. stuart varney of fox business, good morning, my friend. how you doing? you're a financial man, what was your takeaway from
of higher than expected receipts, but they're going to have a couple big social security payments and interest payments due, so it's not entirely clear to the markets or to anybody else when treasury will exhaust its reserves. >> annie lowery, economic and business reporter for slate. >>> well, joining me from the hill now illinois republican congressman robert dold who serves on the financial services committee. representative dold, thanks for being here this morning. it's a busy day. >> thanks for having me. i appreciate it. >> i know, sir, that you supported john boehner's plan, but you say you would have voted for it without a budget balanced amendment. why are some of your colleagues saying they need that fully knowing it would not pass the senate? >> the number of my colleagues booef e plea of we have to change the way washington is working, so we've been grossly overspending for a long period of time. it's been happening on both sides of the aisle. it's a clear washington problem. american families have tightened their belt. american businesses have done the same. they shou
. >> it was a big vote in the house today, what's going to happen with your 401k on the outcome of that vote. >> we have to focus on gretchen's 401k. >> revealing all, gretchen? >> no. next on the rundown, who knew john mccain was a fan of "lord of the rings"? >> tea party hobbitts could return to mother earth. >> why he's turning on republicans, the tea party ones at least in the debt debate. >> and these two soldiers served together but did not come home together. now they are side by side at arlington national cemetery but their friendship lives on through an amazing story that both of their families are here to share and that's coming up. >> happy birthday, elizabeth berkeley! that actress turns 39 today. and i'll list her movies in the break. ♪ [ female announcer ] erybody loves that cushiony feeling. uh oh. i gotta go. [ female announcer ] and with charmin ultra soft, you can get that same cushiony feeling you love while still using less. charmin ultra ft has extra cushions that are soft and more absorbent. so you can use four times less versus the leading value brand. ah. [ femalennounce
-old, a student politician. this man's family called him a big bear, killed while trying to save his friends. some of the victims were immigrants or children of immigrants, the people hated so much by the killer, 32-year-old anders breivik. he used special bullets to explode inside the body. a doctor here said he'd never seen so much internal destruction. survivors are traumatized. >> i knew it was over. i knew this was -- i'm going to die now. >> reporter: adrian, 21 years old. >> he also screamed out that he was going to kill us all, that this was the day that we must die. >> reporter: adrian was shot in the neck and shoulder. he played dead. and anders breivik moved on. most of the teenagers had cell phones and called home. anguished parents called the police, and some texted their children throughout the ordeal. the first message from judy, 16 years old, mummy, tell the police to come quick. people are dying here. her mother couldn't leave the kitchen table. she answered, the police know. they've had many calls. give a sign of life every five minutes. julie, we are in fear of our lives. mother
debacle the threat of a credit downgrade is very real. stock sell off is very big. speaker boehner says a dirty word trying to get republicans in line. tonight, the standoff in washington. plus, the moment of the norway explosion caught on tape the blast shook the store and sent people running into the streets. [sirens] of course now we know that was only the beginning. and before the day ended, dozens would be dead. tonight, remembering the victims. and is this man planning yet another attack from behind bars? smile for the cops. >> look in the camera and in a matter of seconds a true identity in all of the criminal record comes back. >> it really has been a game changer. >> shepard: tonight, how police are using facial recognition to confirm your i.d. but, first from fox this wednesday night, never in this nation's history have we faced anything quite like this. make no mistake the politicians have created this crisis that could sink our nation's credit rating. six days to go until the deadline to raise the debt ceiling, officials are warning they may not be able to pay all the countr
there are also big signs that speaker boehner is facing a vocal rebellion among the gop ranks, among republican ranks. this morning on conservative talk radio he tried to rally the troops. >> is it true that you told some of the republican members this morning that you need to get your a word in line behind this debt ceiling bill? >> i sure did. listen, this is time to do what is doable. this bill isn't perfect. >> what have we got to do? >> just moments after he spoke those words from fellow republicans and tea party leaders were rallying against his bill outside the capitol. >> folks, we've got to hold the line. we've got to stand strong. we can't let down the people who elected us last november. >> we have the boehner proposal on the table. it will cut next year $1billion [ audience boos ] >> we are spending $1 billion an hour virtually. that is insignificant and not meaningful reform. >> tea party favorites rand paul and jim demint. one of the rally organizers saying compromise simply is not the answer. >> we do think compromise is a bad word. if you look at what's happened, compromise has
Search Results 0 to 28 of about 29 (some duplicates have been removed)